eX Podcast

Ep. 70: The 5 success factors to build an engaging workplace.

I’ve started this podcast because I believe that companies have to think of themselves as employment brands if they hope to attract and retain talent. B2E (Business to Employee) branding gives a real competitive advantage to organizations that have the desire to bring the EX to life.

This podcast brings a different lens to the employee experience: a brand and customer experience angle, rather than a traditional HR angle.

Our guests, all thought leaders and disruptors in the EX space in their own way, come to this show to debate, discuss and share best practices on the key components that foster employee engagement and strengthen company culture; and also to spark the conversation on how to create positive employee experiences.

In our episodes, we cover multiple topics that touch and impact the employee experience, such as:- the key components of a positive employee experience- office space design and its impact on the company’s culture- the employee journey map- how design thinking, collaboration and innovation are intertwined- employer branding- employee engagement tools and measurement- the place of technology in the employee experience.

If you're looking for in-person interactions with some of our guests, check out our series of local eX Summit events.

The cost of replacing a disengaged
employee who pulled the trigger and decided to leave your
organization is pretty high.

According to Gallup, an actively
disengaged employee costs their organization $3,400 for every
$10,000 of salary, or 34 percent. Let’s say you have 100 employees,
and 20% of them are completely disengaged. Now you can figure out
the cost of those disengaged employees. So, say your workforce’s
median salary is $60,000 a year. That means each disengaged
employee costs you $20,400 on average, or 34 percent of their
salary ($60,000 x .34). That’s
$408,000 per year!
The cost of an employee leaving and of the time required to bring
up to speed a new hire is 231% of the salary and up to 2 years to
be fully productive.

That’s insane! Yes,
leaders either don’t see the cost or simply don’t care. It’s a
problem!

How do you develop a
thriving workplace where people are aligned with their work and the
organization? Well, it starts with the people in charge, and
cascades through the organization.

Today with Laurie we talk
about:- The cost of employee disengagement
and turnover.- What are the 5 success factors to
build an engaging workplace and how leaders can implement each of
them:
* vocation
* relationships
* finances
* wellbeing
* spirit

This episode is brought to you
by Fusion Alliance. Fusion Alliance
delivers holistic solutions fusing together data, digital and
technology to redefine customer experiences and move your ideas to
execution. That’s why businesses across multiple industries have
relied on Fusion’s expertise and partnership for over 25
years.

If you want to send me feedback,
suggestions for future topics or guests, you can reach me at
svincent@exsummit.com or on Twitter @eX_Summit.

Thanks for listening.

Interested in learning more about
Business To Employee Branding (B2E branding)?

Interested in sponsoring or
speaking at the next Employee Experience Summit (eX Summit) in your city?

About the Podcast

Companies have to think of themselves as employment brands if they hope to attract and retain talent.
This podcast brings a different lens to the employee experience: a brand and customer experience angle, rather than a traditional HR angle.